Potential Servicer Default definition

Potential Servicer Default means an event which, with the passage of time or the giving of notice, or both, would constitute a Servicer Default.
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Potential Servicer Default means an event that but for notice or lapse of time or both would constitute a Servicer Default.
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Potential Servicer Default means an event which, with the giving of notice and/or the lapse of time, would constitute a Servicer Default hereunder or under any Supplement.
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Examples of Potential Servicer Default in a sentence

  • No Amortization Event, Potential Amortization Event, Termination Event, Potential Termination Event, Servicer Default, or Potential Servicer Default shall have occurred and be continuing (in each case, before and after giving effect to the purchase).

  • The Seller shall not make any Restricted Junior Payment if a Servicer Default or Potential Servicer Default exists or would result therefrom.

  • No Servicer Default or Potential Servicer Default has occurred and is continuing.

  • Cooking:The cooking member(s) will plan the menu, shop and cook the meal.

  • Together with the annual report required under Section 4.9(b)(i), the Servicer shall furnish to the Administrative Agent and each Managing Agent a compliance certificate in substantially the form of Exhibit C hereto signed by the chief accounting officer or treasurer of the Servicer stating that no Default, Event of Default, Amortization Event, Potential Amortization Event, Servicer Default or Potential Servicer Default exists, or if any such event exists, stating the nature and status thereof.


More Definitions of Potential Servicer Default

Potential Servicer Default means an event which, with the giving of notice or the lapse of time or both, would constitute a Servicer Default hereunder or under the Servicing Agreement or any Supplement.
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Potential Servicer Default means an event which but for the lapse of time or the giving of notice, or both, would constitute a Servicer Default.
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Potential Servicer Default means an event which, with the expiration of a grace period without cure or the giving of notice, or both, would constitute a Servicer Default.
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Potential Servicer Default means any occurrence or event that, with the giving of notice, the passage of time or both, would constitute an Servicer Default. “Proceeds” has the meaning specified in Section 9-102(a)(64) of the applicable UCC.
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Potential Servicer Default means any event, condition or circumstance that, with the giving of notice or lapse of time, or both, would constitute a Servicer Default. “Potential Termination Event” shall mean an event which, but for the lapse of time or the giving of notice or both, would constitute a Termination Event. “Primary Servicing Duties” shall mean (a) establishment, maintenance and updates of collection practices under the Credit and Collection Policies, (b) recordation, reconciliation and processing of Collections on the Servicer’s computer systems, (c) establishment and maintenance of, (i) Servicer accounts for receipt of Collections and (ii) the Collection Account, (d) performing any calculations required to be performed by the Servicer under the Agreement, (e) preparing any reports required to be prepared by the Servicer under the Agreement, (f) applying Collections under Section 2.8 and (g) any other servicing obligations determined by the Administrative Agent in its reasonable discretion to be primary servicing obligations, as notified in writing by the Administrative Agent to the Servicer. “Prime Rate” shall mean, for any day, the rate of interest publicly announced from time to time by the Administrative Agent as its prime rate in effect at its principal office in New York City. -39- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398
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Potential Servicer Default means any event which with the giving of notice, lapse of time, making of any determination or any combination thereof, would constitute a Servicer Default, and for the avoidance of doubt such event will not constitute a Cash Control Event; Potential Termination Event means any event which with the giving of notice, lapse of time, making of any determination or any combination thereof, would constitute a Termination Event, and for the avoidance of doubt such event will not constitute a Cash Control Event;
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Potential Servicer Default means an event which, with the passage of time or the giving of notice, or both, would constitute a Servicer
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